President Marcos underscored the Philippines' proactive role in global climate governance, saying it will use its position on the Loss and Damage Fund Board to advocate for actionable commitments in climate finance from developed nations. President Ferdinand 'Bongbong' Marcos Jr. (Malacañang...
President Marcos emphasized how the Fund for Responding to Loss and Damage (FRLD) will significantly assist the Philippines in addressing the adverse effects of climate change amid increasing disaster risks. President Ferdinand R. Marcos Jr. meets with the members of the Board of the Fund for...
President Marcos has signed into law Republic Act (RA) No. 12019, or the "Loss and Damage Fund Board Act", which grants juridical personality and legal capacity to the Loss and Damage Fund (LDF) Board that will respond to loss and damage due to climate change. File photos The President signed the...
Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo Loyzaga said on Monday, August 5, that the Philippines can reach out to more experts on climate change to address challenges such as flooding now that it's a host to the United Nations’ Loss and Damage Fund (LDF)...
The Commission on Rights (CHR) cited the "significant role" the Philippines will take in the international climate change dialogue as lead country for the Loss and Damage Fund (LDF) to which developed countries have already pledged $700 million. In a statement, the CHR said "loss and damage" is a...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) Albay 2nd district Rep. Joey Salceda hailed the Marcos administration for its successful bid to have the Philippines host the Loss and Damage Fund (LDF) Board under the United Nations Framework...
Finance Secretary Ralph G. Recto said that the country’s hosting of the Loss and Damage Fund (LDF) board is an opportunity to access more climate finance and investments. “We were chosen because of our strong commitment and concrete climate actions on the ground, and we thank the President for...
The Philippines will now have a formidable voice as the host of the inaugural Loss and Damage Fund board, the global fund that aims to help vulnerable nations address the impact of climate change caused by rapid industrialization, President Marcos said on Wednesday, July 10. President...
The Philippines has been elected to host the Loss and Damage Fund Board, President Marcos announced. (Photo courtesy of UNFCCC) Marcos made the announcement through a post on X on Tuesday night, July 9. "I am proud to announce that the Philippines has been elected to host the Loss and Damage Fund...
The Philippines is keen on hosting the Loss and Damage Fund (LDF) Board to secure increased climate financing and wider opportunities for cooperation to effectively tackle the impacts of climate change. In a statement on Tuesday, April 23, Finance Secretary Ralph G. Recto announced that President...
